Weightwatchers declared himself bankrupt but intends to continue his operations during the restructuring of his debt, said the American specialist on slimming regimes on Tuesday.
“Weightwatchers takes strategic measures to eliminate $ 1.15 billion in debt and strengthen its financial position for long -term growth and profitability,” the company said in a statement.
The company listed on the new York Stock Exchange voluntarily placed itself under the protection of the bankruptcy law (chapter 11) before a court of Delaware (east) the time to negotiate with its creditors. Until then, it will continue to operate “without consequences” for its members, she assured.
-A Difficult Year 2024
Founded in 1963, Weight Watchers, who renamed “WW” in 2018 to mark a turning point towards a wider strategy for promoting well-being beyond weight loss programs, claims “more than three million members worldwide”.
The company was in serious difficulty in 2024, as reported Time. The American group had announced in summer a saving plan of $ 100 million, accompanied by a reduction in its workforce, while the director general Sima Sistani was suddenly ousted at the end of September.
Weight Watchers tried to resist the craze for the new generation of treatments to lose weight such as Ozempic, Wegovy and Zepbound. These drugs imitate the action of the GLP-1 intestinal hormone which provides a feeling of satiety.
